2 fast-growing small cap ASX shares to watch

As well as being home to blue chip shares like Telstra Corporation Ltd (ASX: TLS) and Wesfarmers Ltd (ASX: WES), the Australian share market hosts a good number of promising small caps.

Two small cap ASX shares that you might want to put on your watchlist are listed below. Here’s what you need to know about them:

The first small cap ASX share to look at is MNF Group. It is a leading provider of Voice over Internet Protocol (VoIP) technology to businesses and consumers. This technology allows users to make telephone calls over the internet.

MNF has been growing its recurring revenue at a solid rate in recent years and this has continued in FY 2021. Earlier this week the company released its half year results and delivered a 15%…